Tata Capital vs LG Electronics India IPO: Comparing offer sizes, objectives, valuations and subscription trends

Tata Capital vs LG Electronics India IPO: The primary market is witnessing a busy Tuesday as the initial public offerings of Tata Capital and LG Electronics India are live. The share sale of the Tata Group firm opened on October 6, while the Indian unit of South Korea's LG conglomerate debuted on October 7.

The twin issues are drawing strong investor interest, due to their scale and the stature of their parent groups. Here's a look at quick comparisons between the two IPOs.

Tata Capital vs LG Electronics India IPO: Offer size and objectives

• Tata Capital IPO, the largest issue of the year, with a price band of ₹310 to ₹326 per share, is looking to raise ₹15,511.87 crore by offering new equity shares worth ₹6,846.00 crore and an offer for sale of ₹8,665.87 crore by promoter Tata Sons and investor International Finance Corporation. The fresh issue proceeds will be used to enhance its Tier 1 capital base to meet future capital needs, including onwards lending.

• LG Electronics India's issue is the third-largest IPO of 2025, after Tata Capital's issue and HDB Financial Services' ₹12,500 crore listing in June. It is entirely an offer for sale of shares aggregating to ₹11,607.01 crore by promoter LG Electronics Inc. As there is no fresh issue component, the company will not get any offer proceeds. It has set a price range of ₹1,080 to ₹1,140 per share.

A look at valuations of Tata Capital and LG Electronics India

• Tata Capital IPO: The non-banking financial company (NBFC) is valued at approximately ₹1.38 lakh crore at the upper price band.
• LG Electronics India IPO: The company is valued at about ₹77,400 crore at the upper end of the price band.

Subscription status of Tata Capital and LG Electronics India IPOs

• LG Electronics India IPO: The issue has been booked 73% so far on the opening day, with retail investors subscribing to their part 68%. The portion reserved for non-institutional investors (NIIs) has been booked 1.63 times, while qualified institutional buyers (QIBs) subscribed their category 15%, as per NSE data until 3:15 pm.
• Tata Capital IPO: The initial share sale has been subscribed 63% so far on the second day of bidding. The quota meant for NIIs has been booked 65%, while retail investors subscribed 63%. The QIBs have subscribed their part 60%.

Tata Capital, LG Electronics India IPO listing dates

Tata Capital's equity shares are likely to be listed on October 13, while those of LG Electronics India will debut on the NSE and the BSE on October 14.

Tata Capital, LG Electronics India IPO GMPs